Asian Shares Could Get a Lift

HONG KONG -- China's decision to alter its currency regime should give a boost to Asian shares -- particularly China-related issues -- as Thursday's modest revaluation is seen as just the beginning of a longer-term strengthening of the yuan.

"The markets will expect more appreciation to come," said J.P. Morgan Chase economist Ben Simpfendorfer.

In a long-awaited move late Thursday, China scrapped the yuan's peg to the...